Quarterly update & Funding round

In our end-September quarterly shareholder update, we detailed the successful tests of our GCL armour prototypes. In brief, our flexible, lightweight armour performed well, both in stab tests and against a rifle bullet at point-blank range. We are now moving onto the next stage – developing a commercial product prototype (i.e. something that can actually be sold to generate revenues).

We have also launched our third funding round, where we will issue up to £1.6m in additional equity shares, in order to fund further R&D in armour, aerospace composites, and our Lightning Harvester idea. Note that all of these technologies are covered by patents pending.

If you are interested in this funding round, please go to our Investors section and submit a form, and we’ll send you our investment memorandum.

Quarterly update – June 2017

We have just sent our quarterly investor update to our shareholders. In it, we report that, following the terrorist attack on Parliament, we decided to add stab protection to our ballistic armour design. The June terrorist knife attacks at London Bridge further strengthened our resolve to enhance our GCL body armour with stab protection. Initial tests show that this major re-design work has paid off – we have achieved significant levels of both ballistic and stab protection in our upgraded prototypes. We are continuing with our product development, and we aim to have a marketable product by the end of this year. For obvious and sad reasons, this has become a top priority for us.

Second funding round completed

12 April 2017 – We have (finally) completed our second funding round – and many thanks to all of our investors, both new and existing. Now it’s back to work – in particular, with the ballistic armour prototype development and testing.

Second patent pending

Our second patent application – for an extension of our graphene/aerogel composite technology into electric power harvesting – has been accepted by the UK Intellectual Property Office.

Patent pending

Our patent application is now being reviewed by the UK Intellectual Property Office. Obviously, this is a long and winding road, but it’s also a significant step forward.

Investor open day at CPI

We’ve just had our first investor open day, at our partner CPI’s labs – here’s the discussion, which includes talking through and handling our prototype graphene/aerogel nano-composites.

Caveat – this isn’t meant to be thrilling cinematography, and to be clear, the high-quality live webcast setup that we’d had didn’t work (apologies to those who tried to watch it live), so this was done on our MacBook webcam.  Nevertheless, we hope you find it interesting.

Investor open day at CPI – webcast

We’ll kick off our live webcast at 12.00, where you’ll meet the GCL/CPI team, see our prototypes and (if we can get the technology to work) ask questions yourselves. We’ll be using Google Hangouts, so if you’d like to participate, please email me at sandy.chen@graphenecomp.co.uk, make sure that you’ve got Hangouts on your mobile/tablet/PC/Mac, and we’ll send you a Hangouts invite just before 12.00.

Or if you don’t want to bother with all that, you can watch it later here.

Investor Update – Feb 2017

3 February 2017 – We have two main items to report: (1) our first prototype graphene/aerogel nano-composite ballistic armour has gone into testing, and (2) our second Crowdcube funding round, with a target £800k raise and EIS tax eligibility, should go live next Monday, 6 February.

Graphene seems to have caught investors’ attention again; it is on the cover of MoneyWeek (http://moneyweek.com/this-week-in-moneyweek-how-to-profit-from-graphene/ ) and with Crowdcube we’re one of five companies on the shortlist for their Best Crowdfunding Campaign of 2016 award (you can vote here on https://crowdcube.typeform.com/to/HHWA1L ) – so we are hopeful that things will go well.

Investor Update – Dec 2016

INVESTOR UPDATE

1 December 2016

In our first quarterly update, we can announce that our first project (to develop and test a prototype graphene/aerogel composite ballistic armour) is now underway, with a second project (graphene/ aerogel composite aircraft skins) to follow. Working closely with our development partner CPI – and using a newly available NASA-patented aerogel – we aim to have some initial prototypes ready for testing by the end of January. We are also planning a second funding round in early 2017, to fund further product development.

More details are available for our shareholders – please use the contact form on the “Investors” tab.

 

We’ve raised our seed funding – in 3 days!

We raised £150k of seed funding (which is the Seed Enterprise Investment Scheme limit) in just three days, with many thanks to the team at Crowdcube – and the Crowdcube investment community. The size and speed of investor response was far beyond our highest expectations. Thanks to everyone involved – especially our new investors/shareholders!